home *** CD-ROM | disk | FTP | other *** search
/ NetNews Usenet Archive 1992 #27 / NN_1992_27.iso / spool / misc / invest / 13994 < prev    next >
Encoding:
Text File  |  1992-11-19  |  943 b   |  25 lines
  1. Newsgroups: misc.invest
  2. Path: sparky!uunet!haven.umd.edu!darwin.sura.net!zaphod.mps.ohio-state.edu!pacific.mps.ohio-state.edu!linac!att!cbnewsk!cbnewsj!att-out!cbnewsh!geopi
  3. From: geopi@cbnewsh.cb.att.com (george.p.cotsonas)
  4. Subject: Re: closed end fund trading prices
  5. Organization: AT&T
  6. Distribution: usa
  7. Date: Thu, 19 Nov 1992 22:16:02 GMT
  8. Message-ID: <1992Nov19.221602.6495@cbnewsh.cb.att.com>
  9. References: <a4MS02cY2bx401@JUTS.ccc.amdahl.com> <1992Nov19.001723.6898@cbnews.cb.att.com>
  10. Keywords: closed-end funds israel
  11. Lines: 12
  12.  
  13. In article <1992Nov19.001723.6898@cbnews.cb.att.com>, ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
  14. > 
  15. > First Israel Fund (ISL - NYSE) went public @ $15 [and]
  16. > dropped to around $13+ within a day or two, which is usual with
  17. > closed end funds.
  18.  
  19. Why is this?  And can someone shed some light on why closed end funds
  20. might trade at heavy discounts to NAV?
  21. -- 
  22. George P. Cotsonas
  23. AT&T BL/CPL
  24. att!hocpa!geopi
  25.